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Amazon.com, Inc. $AMZN Shares Sold by Marino Stram & Associates LLC

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Key Points

  • Marino Stram & Associates LLC cut its Amazon stake by 13.1%, selling 3,097 shares and leaving it with 20,574 shares worth $4.75 million (about 0.9% of the fund and its 20th largest holding).
  • Notable insider selling occurred last quarter — CEO Matthew S. Garman sold 17,751 shares (a 65.37% reduction in his holding) and VP Shelley Reynolds sold 2,695 shares, with insiders disposing of 72,686 shares worth roughly $14.9 million overall.
  • Wall Street remains broadly bullish with a consensus rating of "Moderate Buy" and a $287.29 average price target, while momentum in AWS (including an OpenAI alliance and AI revenue commentary suggesting a run rate north of $15B) is cited as a key growth catalyst.
  • Five stocks we like better than Amazon.com.

Marino Stram & Associates LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 13.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 20,574 shares of the e-commerce giant's stock after selling 3,097 shares during the period. Amazon.com comprises approximately 0.9% of Marino Stram & Associates LLC's portfolio, making the stock its 20th largest position. Marino Stram & Associates LLC's holdings in Amazon.com were worth $4,749,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in AMZN. Fairway Wealth LLC increased its holdings in Amazon.com by 113.2% in the 3rd quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant's stock valued at $25,000 after purchasing an additional 60 shares during the last quarter. Sellwood Investment Partners LLC acquired a new stake in Amazon.com in the 3rd quarter valued at approximately $27,000. Bridge Generations Wealth Management LLC increased its holdings in Amazon.com by 2,330.0% in the 3rd quarter. Bridge Generations Wealth Management LLC now owns 243 shares of the e-commerce giant's stock valued at $53,000 after purchasing an additional 233 shares during the last quarter. Cooksen Wealth LLC increased its holdings in Amazon.com by 23.5% in the 2nd quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant's stock valued at $54,000 after purchasing an additional 47 shares during the last quarter. Finally, PayPay Securities Corp increased its holdings in Amazon.com by 62.3% in the 3rd quarter. PayPay Securities Corp now owns 250 shares of the e-commerce giant's stock valued at $55,000 after purchasing an additional 96 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AMZN. JPMorgan Chase & Co. raised their price target on shares of Amazon.com from $265.00 to $280.00 and gave the company an "overweight" rating in a research report on Wednesday, March 25th. Citizens Jmp reissued a "market outperform" rating and issued a $315.00 price target on shares of Amazon.com in a research report on Friday. Piper Sandler reissued an "overweight" rating and issued a $260.00 price target (down from $300.00) on shares of Amazon.com in a research report on Friday, February 6th. Jefferies Financial Group reissued a "buy" rating on shares of Amazon.com in a research report on Friday. Finally, Argus reissued a "buy" rating and issued a $325.00 price target on shares of Amazon.com in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, fifty-four have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $287.29.

View Our Latest Stock Report on AMZN

Amazon.com News Roundup

Here are the key news stories impacting Amazon.com this week:

Insider Buying and Selling at Amazon.com

In other news, VP Shelley Reynolds sold 2,695 shares of Amazon.com stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $205.90, for a total transaction of $554,900.50. Following the completion of the sale, the vice president directly owned 119,780 shares of the company's stock, valued at approximately $24,662,702. The trade was a 2.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew S. Garman sold 17,751 shares of Amazon.com stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $205.22, for a total transaction of $3,642,860.22. Following the sale, the chief executive officer directly owned 9,405 shares of the company's stock, valued at approximately $1,930,094.10. This trade represents a 65.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 72,686 shares of company stock worth $14,899,239. 10.80% of the stock is currently owned by company insiders.

Amazon.com Price Performance

Amazon.com stock opened at $239.89 on Tuesday. The stock has a market cap of $2.58 trillion, a P/E ratio of 33.46, a price-to-earnings-growth ratio of 1.79 and a beta of 1.38. The company has a fifty day simple moving average of $211.90 and a 200-day simple moving average of $224.33. Amazon.com, Inc. has a 12-month low of $165.29 and a 12-month high of $258.60. The company has a current ratio of 1.05, a quick ratio of 0.88 and a debt-to-equity ratio of 0.16.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.97 by ($0.02). The firm had revenue of $213.39 billion for the quarter, compared to analysts' expectations of $211.02 billion. Amazon.com had a return on equity of 21.87% and a net margin of 10.83%.Amazon.com's revenue for the quarter was up 13.6% on a year-over-year basis. During the same period last year, the firm posted $1.86 earnings per share. Equities analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

About Amazon.com

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon's online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

See Also

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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